Mr. Yashank Wason – Managing Director – Royal Green Realty, said “The stability in the repo rate at 6.5% for the seventh consecutive time underscores the foundation for sustained growth. With the RBI’s commitment to meeting the 4% inflation target and acknowledgment of upside risks, we navigate market dynamics with vigilance, leveraging key policy rates to drive strategic investments and ensure long-term viability.”
Mr. Santosh Agarwal, Executive Director and CFO, Alphacorp – As the RBI’s first policy announcement for FY 2024-25, Amidst intense global economic assessments, we navigating the complexities of market dynamics, with Governor Shaktikanta Das at the helm, the six-member Monetary Policy Committee meticulously evaluates the impact of global factors on India’s GDP growth and inflation trajectory. The decision to maintain the key policy repo rate at 6.5% for the seventh consecutive time underscores the significance of monetary stability for the real estate sector. We are keenly anticipating signals influencing investment strategies, recognizing the critical role of RBI’s decisions in shaping future market dynamics.”
Mr. Manish Jaiswal, Group COO, Eldeco – “RBI Governor Shaktikanta Das’s insights underscores the pivotal role of monetary policy in real estate, especially with this announcement, marking the first policy of FY 2024-25. We recognize the significant impact of RBI’s stance on the repo rate, poised to remain stable at 6.5% for the seventh consecutive time. With a keen eye on India’s economic trajectory, the RBI’s decisions will shape the landscape for real estate sector growth. “
Mr. Pradeep Aggarwal, Founder & Chairman Signature Global (India) Ltd. said, “The RBI has once again demonstrated great economic prudence and fiscal foresight by keeping the repo rate unchanged for the seventh consecutive time. A stable and predict repo rate lends credence and confidence to the average homebuyer who can be assured while taking home loans. This stability has a direct cascading effect on the growth of the real estate sector, which in turn contributes significantly towards India’s GDP and future growth prospects.”
S.K Narvar, Group Chairman, Trident Realty, says – The RBI’s decision to keep the repo rate unchanged reflects a strategic approach aimed at nurturing economic recovery and fostering stability. This move is set to benefit potential homebuyers by ensuring affordability and sustaining momentum in the housing market. With consumer demand driving the real estate sector, especially in luxury housing, the decision to maintain the repo rate status quo supports feasible macroeconomic indicators and encourages new homebuyers to invest in property. As India’s economy continues to grow, the real estate sector is poised to play a significant role, making the current repo rate policy a crucial factor in fueling positive demand and contributing to the country’s economic expansion.
Dr. Renu Singh, Director – Sales & Marketing, Aarize Group —Monetary stability, exemplified by the RBI’s steadfast adherence to the 6.5% repo rate, is a keystone for real estate investments. As the RBI’s first policy announcement for FY 2024-25, under the leadership of Governor Shaktikanta Das, the six-member MPC scrutinizes global factors impacting India’s GDP growth and inflation trajectory. With the expected decision to maintain the repo rate for the seventh consecutive time, we seize the opportunity to navigate market dynamics, leveraging stability for sustainable growth.”
Aman Trehan, Executive Director, Trehan Iris, says, “The decision by the Reserve Bank of India to keep the repo rate unchanged is a judicious move that strikes a balance between controlling inflation and supporting economic growth. While a rate cut would have been a relief for the home buyers. It ensures that they can make informed decisions, which in turn boosts demand in the housing market, supporting overall economic progress. By maintaining stability, the unchanged repo rate keeps housing affordable and sustains the market momentum, both of which are crucial for India’s economic growth.”
